The rapid increase in credit in an economy is now commonly perceived to be one of the leading indicators of financial instability. This view has been reinforced by the aftermath of the international financial crisis, which commenced mid 2007. A key policy response has been to focus on the ratio...

A noticeable data gap in the evaluation of any property market is that of a residential land price series. Land costs are one of the most significant components of housing construction, however many markets do not have accurate information on such prices. The Irish housing market, more than most...